I was simplifying the "friend" relationship for brevity and knew this would come up.

It simplifies things to not include it, so it depends what you're trying to do.

Try a coded lock because you will need to include utilities and internet in a MTR, a coded lock is an easy ad and will simplify showing.   

That simplifies things dramatically. 

I'm looking to simplify tax season at the end of the year... but as of now I'm only making a bigger headache by creating more and more spreadsheets.Does anyone have an easy system for plugging in "Income/expense" for 5 more more multifams?

Simply put a deed is just a piece of paper that 'does' something related to land (super simplified).

That would also simplify bookkeeping, where I can only do it at the holding level.Would this be possible and most importantly prudent?

If the software is not simplifying your life or making you more accurate, you shouldn't use it.Software does have extremely helpful features like online payments, marketing syndication (click a button and your property is advertised on multiple sites), electronic document review/signing, maintenance tracking, and owner reports.

If the software is not simplifying your life or making you more accurate, you shouldn't use it.Software does have extremely helpful features like online payments, marketing syndication (click a button and your property is advertised on multiple sites), electronic document review/signing, maintenance tracking, and owner reports.

I know roughly what those words mean, and I'm not immediately scared away by them.Let's say, next, that for the sake of simplifying this hypothetical question, the 1st mortgage is the only lien on the property.Now let's say that I, the buyer; the seller/occupant/owner (whatever is the right term for someone in this situation), who owes more than he owns; and the bank, who the seller owes $ to; all agree on a figure.